Signing Ceremony for Target2-Securities Riding the first wave

Transcription

1 Signing Ceremony for Target2-Securities Riding the first wave Frankfurt, May 8 th 2012 Paolo Cittadini CEO Monte Titoli

2 2 T2S is a key enabler for the LSEG post-trade strategy LSEG strategy builds on harmonisation results and on the effective functioning of the European capital market Since the very beginning, Monte Titoli has been a strong supporter of T2S as a way to facilitate harmonisation and to increase post-trading efficiency in Europe Monte Titoli s integration and articulation within LSEG is the cornerstone for its internationalisation Top3 among CSDs in Europe Benchmark for pricing Large client base Integrated offer for post-trade EUR 3.1 trillion of assets under custody Price leadership Client base Over 400 banks, 9 trading platforms, 7 CCPs, 17 links with CSDs/ICSDs, over issuers Integrated value proposition within and throughout LSEG post-trade

3 3 Monte Titoli in T2S, riding the first wave Monte Titoli is continuing to build its service offering based on the core settlement service, as offered by the T2S platform Collateral Management Securities Lending SETTLEMENT Issuing Services Multicurrency Settlement Fiscal Services

4 4 Monte Titoli objective: The growth of its clients business The mission of Monte Titoli as a key European market infrastructure is to support its clients to implement successfully their strategies across the European financial markets, reaping the fruits of harmonisation and integration T2S furthers Major advantages for our clients Single pool of liquidity Operational efficiency Overall cost reduction Limited operational risk

5 5 Projects governance & overall planning Governance IT NUG to coordinate the integration in T2S for the whole IT financial community Specific sub-groups created for: Testing & Migration Functional Aspects Legal Aspects User Group (PT-TUG) to coordinate the works for the road-map to T2S Specific work-stream created for Harmonization-related efforts Planning User Requirements & Functional Specifications Internal Acceptance External Testing Testing (including Pilot Testing for wave 1) 01/01/12 01/01/13 01/01/14 May/14 01/01/15 22/06/ Development & Internal Testing

6 6 The publication of this document does not represent solicitation, by Borsa Italiana S.p.A., of public saving and is not to be considered as a recommendation by Borsa Italiana as to the suitability of the investment, if any, herein described.this document has not to be considered complete and it is meant for information and discussion purposes only. Borsa Italiana accepts no liability, arising, without limitation to the generality of the foregoing, from inaccuracies and/or mistakes, for decisions and/or actions taken by any party based on this documents. Trademarks Cassa di Compensazione e Garanzia and CC&G are owned by Cassa di Compensazione e Garanzia S.p.A. Trademarks Monte Titoli, X-TRM and MT-X are owned by Monte Titoli S.p.A. London Stock Exchange, the coat of arms device and AIM are a registered trade mark of London Stock Exchange plc. The above trademarks and any other trademark owned by the London Stock Exchange Group cannot be used without express written consent by the Company having the ownership of the same. Borsa Italiana S.p.A. and its subsidiaries are subject to direction and coordination of London Stock Exchange Group Holdings (Italy) Ltd Italian branch. The Group promotes and offers the post-trading services of Cassa di Compensazione e Garanzia S.p.A. and Monte Titoli S.p.A. in an equitable, transparent and non-discriminatory manner and on the basis of criteria and procedure aimed at assuring interoperability, security and equal treatment among market infrastructures, to all subjects who so request and are qualified in accordance with national and community legislation, applicable rules and decisions of the competent Authorities.